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. obama said this year's changes shouldn't be the last. >> there is no doubt we need additional revenue coupled with smart spending reductions in order to bring down the deficit. he is not talking raising rates but closing loopholes especially those making money from investment pay a lower tax rate than income salaried or hourly wage earn ers. >> the average person doesn't have access to cayman island reports. they don't have access to interest income where they pay a much lower rate on billions of dollars they have earned. >> mr. obama says the only way to continue investing in education research and development and still reverse the deficit is with a combination of spending cuts and additional revenues. republicans said the government got additional revenue with last year's tax agreement which raised tax rates on families making more than 450,000 a year and limited or phased out deductions for income over 300,000. in a statement john boehner said any tax loopholes we close should be used to lower rates for all taxpayers so we can be more xret ticompetitive and cree jobs. he reminded t
Search Results 0 to 1 of about 2 (some duplicates have been removed)

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